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you have the customers of the ports and the city saying fix this. when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer
you have the customers of the ports and the city saying fix this. when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we...
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Nov 29, 2012
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if you live in new york city, federal, state and city taxes will take you down to $223 million. so you keep 57%, you give uncle sam 43%, you still have the $223 million bucks. it's a pretty good deal. but let me just ask you, do any of us know really what the government does with that money, especially the city government? and does it really go for good education purposes, as they say? and is there any bureaucratic skimming off the top? the winner loves this game, always does, but how about the rest of you? please think about it. there may be better ways to invest your money. >> moving right along, did the president really resolve key questions on tax rates and spending and entitlements at his campaign rally today? i never heard the word spending? so how close to a deal are we really? i'd like to be optimistic but i'll warn you, caveat emtore. we'll get into that next. [ female announcer ] if you care for someone with mild to moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon pa
if you live in new york city, federal, state and city taxes will take you down to $223 million. so you keep 57%, you give uncle sam 43%, you still have the $223 million bucks. it's a pretty good deal. but let me just ask you, do any of us know really what the government does with that money, especially the city government? and does it really go for good education purposes, as they say? and is there any bureaucratic skimming off the top? the winner loves this game, always does, but how about the...
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Nov 30, 2012
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in certain cities such as phoenix, this has already happened. home prices in phoenix are up over 20% from a year ago on the s&p case schiller home price index. prices are also rising fast. in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central b
in certain cities such as phoenix, this has already happened. home prices in phoenix are up over 20% from a year ago on the s&p case schiller home price index. prices are also rising fast. in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some...
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city national is a business bank. it makes commercial real estate loans and also they cater to the wealthy. mostly in southern california and nevada new york city, nashville and atlanta. this is a well run bank. let's check in with russell goldsmith and find out where this bank might be headed. i don't know anyone in this world who has the pulse of wealthy people the way you do. i need to know whether they are quaking about the increase of possible capital gains. will it be business as usual? >> great to be with you. appreciate the support. i think we have been seeing for well over six months, it falls into two groups. a lot of people are sitting on their hands. deals are getting called off. i'm not going to borrow until i know where they are going to drive the economy. there is always a slice of people who see opportunity with that. that is what city national and i would say a small minority have done. but most people are sitting on the sidelines waiting to know what is my health care cost and depreciation schedule.
city national is a business bank. it makes commercial real estate loans and also they cater to the wealthy. mostly in southern california and nevada new york city, nashville and atlanta. this is a well run bank. let's check in with russell goldsmith and find out where this bank might be headed. i don't know anyone in this world who has the pulse of wealthy people the way you do. i need to know whether they are quaking about the increase of possible capital gains. will it be business as usual?...
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the workers in the city of detroit, he knows. dave bing has done some things wrong, but he's a lot closer to it than joanne watson is. the governor tried to take over, tried to use an emergency manager power to say that the state can take over. and the city of detroit, the people went nuts. they called it racism, they called it all kinds of stuff and said they're taking away our vote. larry, i stood with them. i said you're right, those people should have their vote. but when detroit screws up, when the mayor of the council screws up, you're on your own. don't expect a bailout from us if you want that local power. >> we're going to leave it there. doc thompson, thank you very much. well put. so cliff or no cliff, is there a war against capital going on? this is part of the story. art laugher is going to tell us why you can't have capitalism without capital. you'll want to hear this. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving he
the workers in the city of detroit, he knows. dave bing has done some things wrong, but he's a lot closer to it than joanne watson is. the governor tried to take over, tried to use an emergency manager power to say that the state can take over. and the city of detroit, the people went nuts. they called it racism, they called it all kinds of stuff and said they're taking away our vote. larry, i stood with them. i said you're right, those people should have their vote. but when detroit screws up,...
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there but doesn't let his face or name be shown, will only say he's from kansas city. he's going to give away $100,000 in total. people hugging him. he got a police escort to and from the airport. won't say his name or show his face, but he's there making people's day. maybe making their holiday season. we say three cheers for him. thanks for watching "street signs," everybody. have great weekend. "closing bell" is next. >>> happy friday, everybody. welcome to "the closing bell." i'm bill griffeth here at the new york stock exchanges. maria will be along momentarily. it is the final trading hour of the month. so far, it doesn't look like it will be a positive month thanks in large part to volatility from the fiscal cliff mess. the dow is down right now for the month. it's pretty close, though. the s&p and the nasdaq are on track for winning months. here's how we stand now. a bit of volatility. not as much as we've seen lately. i will point out there's a rebalancing of a major international index occurring on the close today, so we're going to get a bunch of volume, may
there but doesn't let his face or name be shown, will only say he's from kansas city. he's going to give away $100,000 in total. people hugging him. he got a police escort to and from the airport. won't say his name or show his face, but he's there making people's day. maybe making their holiday season. we say three cheers for him. thanks for watching "street signs," everybody. have great weekend. "closing bell" is next. >>> happy friday, everybody. welcome to...
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first up tragedy in the nfl after kansas city chiefs linebacker jovan belcher murdered his girlfriend before shooting and killing himself. as a result, the gun control debate back in the spotlight but with more gun regulation actually have made any difference at all? here now is deputy editor of think progress.org and nationally syndicated radio talk show host. lars i'm a second amendment guy. to me guns don't kill people crazy people shooting guns kill people. would a gun regulation have stopped this tragedy? >> only one kind of gun regulation would have stopped this and that would be to gut the second amendment and i don't think igor can reject that. 20,000 laws around the country regulate guns at the state, federal and local level. those laws sometimes are forced a and sometimes not. this young man there was no reason legally to deny him the ownership of a firearm. so the suggestion by bob costas who ought to be fired for the comments, his outrageous suggestion that the civil rights of americans all 300 million of us should be taken away and we should be denied the right to own a g
first up tragedy in the nfl after kansas city chiefs linebacker jovan belcher murdered his girlfriend before shooting and killing himself. as a result, the gun control debate back in the spotlight but with more gun regulation actually have made any difference at all? here now is deputy editor of think progress.org and nationally syndicated radio talk show host. lars i'm a second amendment guy. to me guns don't kill people crazy people shooting guns kill people. would a gun regulation have...
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citi price rewind. buy now. save later. >>> welcome back. there's a live shot of the podium in washington. we are waiting for nancy pelosi to come out to discuss her meetings today on the fiscal cliff. timothy geithner out speaking with ms. pelosi among others talking about ways these two sides can come together. as soon as nancy pelosi takes to the podium, we'll take you there live. >> eamon javers standing by there in washington. what can we expect to hear from her? all day long wae've been hearin from both party sides. i can imagine we'll hear the same thing from nancy pelosi, the minority leader in the house. >> i think you're right. obviously the democrats have been saying the republicans aren't serious. the republicans have been saying the democrats aren't serious. i've been trying to get a sense of what she might say. they're very aware the movements if the market today have been very much pegged to what these members of congress are saying. whenever whatever we hear her say, you can be very sure she's saying it intentionally and clea
citi price rewind. buy now. save later. >>> welcome back. there's a live shot of the podium in washington. we are waiting for nancy pelosi to come out to discuss her meetings today on the fiscal cliff. timothy geithner out speaking with ms. pelosi among others talking about ways these two sides can come together. as soon as nancy pelosi takes to the podium, we'll take you there live. >> eamon javers standing by there in washington. what can we expect to hear from her? all day...
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i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. to provide a better benefits package... oahhh! [ male announcer ] it made
i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've...
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but is it time to let the motor city as an independent city go away? you're going to meet the michigan state senator who's proposing just that coming up. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc a
but is it time to let the motor city as an independent city go away? you're going to meet the michigan state senator who's proposing just that coming up. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good...
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manchester looks like a thriving city. but with the surrounding areas home to some of the most economically disadvantaged parts of the uk. rows of shops stand unused and the number of people claiming benefits has risen almost 70% since 2008. the uk's opposition labor party insists the government's austerity measures are too harsh and grossly unfair. >> manchester city council has seen 170 million cooks after two years, whereas other authorities have received no cuts at all. it's not a burden fairly shared. we see north pitted against south. seeing the poor pitted against the rich. we're seeing public pitted against private. >> in a city manchester has the highest unemployment rates in the country. like most european countries, that percentage rises dramatically for the under 25s. >> basically given up. just keep trying to apply. i applied for over a hundred jobs and none of them have ever got back to me. >> the effects of austerity have spread even into the wealthiest areas of the city. just a few miles south, an old marke
manchester looks like a thriving city. but with the surrounding areas home to some of the most economically disadvantaged parts of the uk. rows of shops stand unused and the number of people claiming benefits has risen almost 70% since 2008. the uk's opposition labor party insists the government's austerity measures are too harsh and grossly unfair. >> manchester city council has seen 170 million cooks after two years, whereas other authorities have received no cuts at all. it's not a...
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now roughly 60% of mexico's gross domestic product is in kansas city southern rail, and kansas city southern's mexico business grew auto volumes in an astounding 31% clip in the last quarter. who's got that kind of industrial growth? and the company expects growth to continue in that solid double digit range. what's more, kansas city southern currently serves nine auto plants in mexico, but nissan, honda, mazda and audie will be opening plants. crazy, huh? bmw. over the time frame, mexican auto production is expected to surge from 2.5 million vehicles a year to 3.5 million. i think that's low versus what will ultimately be. and kansas city southern think they will have 60% auto shares. kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding, how much do we love that in a rail? however, only affects about 18% of kansas city southern's revenues. they do have some
now roughly 60% of mexico's gross domestic product is in kansas city southern rail, and kansas city southern's mexico business grew auto volumes in an astounding 31% clip in the last quarter. who's got that kind of industrial growth? and the company expects growth to continue in that solid double digit range. what's more, kansas city southern currently serves nine auto plants in mexico, but nissan, honda, mazda and audie will be opening plants. crazy, huh? bmw. over the time frame, mexican auto...
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here the city is growing and there's really no area that you really can grow in the city. and that's why i think it's such an important project. because it shows new york can stay the world's greatest city. >> talk to me about the overall capacity utilization equation in new york. because uptown east side is relatively less desirable now than downtown chelsea. you're going to put a lot more capacity into the equation. what do we do with the office buildings up on the east side 3rd avenue that are half empty now? >> right now, i don't think the buildings are half empty. >> i'm nine west, it's more than half empty. >> that's because of the landlord. >> god bless him. >> that's different. people would love to be there. it's a great building, great views, other reasons why. but i think -- >> the landlord -- >> oh. >> it's incredible. the real estate market in new york is probably the best in the world, you know. owning real estate in new york, the cap rates are lower than anywhere else, maybe other than london. it's a place where people want to be. and that's what real estate'
here the city is growing and there's really no area that you really can grow in the city. and that's why i think it's such an important project. because it shows new york can stay the world's greatest city. >> talk to me about the overall capacity utilization equation in new york. because uptown east side is relatively less desirable now than downtown chelsea. you're going to put a lot more capacity into the equation. what do we do with the office buildings up on the east side 3rd avenue...
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and kansas city southern and kansas city southern believes they will have 60% market share. kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american railroads, we know that because we have backed away from a lot of rails because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which has always been my favorite. don't get mad at me, unio
and kansas city southern and kansas city southern believes they will have 60% market share. kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's...
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citi's news lifting the banking sectoroff all. "wall street journal" suggests the new ceo still needs to set the a new path for the bank to follow and argues corbat is unlikely to get anything close to 100% approval rating especially if he chooses to postpone returning money to shareholders. >> there was a lot of different cross currents from what people were hearing yesterday in washington. market well above 100. >> ended up 85 for the day. >> i guess the demise of john boehner as speaker was greatly exaggerated. did you see this "new york times" piece? more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is ju
citi's news lifting the banking sectoroff all. "wall street journal" suggests the new ceo still needs to set the a new path for the bank to follow and argues corbat is unlikely to get anything close to 100% approval rating especially if he chooses to postpone returning money to shareholders. >> there was a lot of different cross currents from what people were hearing yesterday in washington. market well above 100. >> ended up 85 for the day. >> i guess the demise of...
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citi price rewind. buy now. save later. >>> welcome back to "squawk box" in the headlines this morning, we are about an hour away from the government's latest read on personal income and consumer spending. economists looking for income to be up .2% for october with spending up .1%. zynga's shares getting slammed in free market trading. new agreement with facebook removes zynga's special status among game developers and lets pace book develop its own games which it could not do under the old agreement. at a news conference set in missouri, one two of the winners of the record $580 million powerball drawing will be identified. the other winning ticket was sold in arizona. you about that buyer has yet to come poured. >> you don't have to agree to be identified, do you? >> no. >> no. >> biggest shock that either you or andrew didn't win. >> i know. >> i really thought this was time -- >> did you buy a ticket? >> no. >> i would pay not to buy a ticket. >> i was looking up some economic research whether your chances o
citi price rewind. buy now. save later. >>> welcome back to "squawk box" in the headlines this morning, we are about an hour away from the government's latest read on personal income and consumer spending. economists looking for income to be up .2% for october with spending up .1%. zynga's shares getting slammed in free market trading. new agreement with facebook removes zynga's special status among game developers and lets pace book develop its own games which it could not...
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> these are your headlines. the white house and congress may need to call the auto club to jump-start budget talks. they're stalled on discussions over taxes. chinese factories have picked up the pace in november. both hsbc and the official pmi readings hit multimonth highs, both now in expanding territory. manufacturing activity continuing to shrink albeit at a lower pace. and singapore airlines is in talks to sell its stake in virgin atlantic. media reports suggest delta is the frontrunner. if you've just joined us, u.s. futures are a slightly upward start. not by much. s&p 500 currently about 1 1/2 points above fair value, nasdaq 8 1/2, dow about 17 1/2 above pair value. remember the dow down 2% over the last two months. the s&
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> these are your headlines. the white house and congress may need to call the auto club to jump-start budget talks. they're stalled on discussions over taxes....
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manhattan because a traffic light froze in the red position and that flummoxes about a dozen new york city police officers. i ran alongside -- might as well have been 1880. here we are talking about apple tv. at some point in technology, we got to even up the technology gap. >> thanks so much for being with us, brian. can you see brian's entire exclusive interview with tim cook on rock center, 10:00 p.m. eastern time on nbc. >> can't wait. >>> let's dig a little deeper with our all-star apple panel right now. apple supply chain expert brian blair is with us. he's with wedge partners. cnbc's jon fortt is here. and today's "power lunch" contributor is jim iuorio. jim, i'm going to start with you, if i could. how do you feel about apple? i'm starting with you really because the rebound in the stock, everybody's talking about it down here. what do you make of that? >> as a company i feel great about apple but i have to push that aside because we're talking about the stock price here. even if we correctly identified why apple was trading lower for the last couple weeks, as strictly a tax thing,
manhattan because a traffic light froze in the red position and that flummoxes about a dozen new york city police officers. i ran alongside -- might as well have been 1880. here we are talking about apple tv. at some point in technology, we got to even up the technology gap. >> thanks so much for being with us, brian. can you see brian's entire exclusive interview with tim cook on rock center, 10:00 p.m. eastern time on nbc. >> can't wait. >>> let's dig a little deeper with...
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citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. ♪ >>> do you need a car for a last-minute road trip? or are you an infrequent driver looking to rent out your road? there's an option for both with getaround. rent a car by the hour, day or week with an yul all-inclusive package that includes insurance, roadside assistance and more. it's easy to share a car a
citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. to a world of super-connected...
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citi price rewind. buy now. save later. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> now the answer to today's aflac trivia question. what is the name of a popular fruit-filled hanukkah pastry made with cream cheese dough? the answer? rugalah. >> aflac. huh? >> you got comments, questions about anything you see here on "squawk," shoot us an e-mail @"squawk" cnbc.com. coming up next. your tools of the trade. we're going focus on oil and gold. "squawk's" back with that and a lot more
citi price rewind. buy now. save later. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as...
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citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this bank? i feel like they've been firing forever. citi did nothing after that great quarter. i think this may be keeping with the idea that citi is an international company. don't need as much stuff here. maybe. >> to the extent financial services are being commotitized. reflective of changes going on overall at financial services as you get out of markets that are so transparent now that you can't make the margin that you once again. therefore you have to focus on the cost size. >> i don't think people understand how much money they used to make. in a transaction you could hide gross credit. you could say you're buying this at 100 but you are getting to 98. no one is taking two anymore. those were the
citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this bank? i feel like they've been firing forever. citi did nothing after that great quarter. i think this may be keeping with the idea that citi is an international company....
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Dec 4, 2012
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somebody in new york city called us and said, hey, i want to go down to florida and in 45 minutes they were on a plane. >> none of the -- >> none of the really small aircraft. >> i don't know what you do if you are on a three-hour flight if you are over 50. >> a small plane? >> no, there's no bathroom. >> our thanks to dean, good luck. >> for more of our disrupters coverage turn to thedisrupters@cnbc.com. >>> as we head to break, a look at the futures. they've been up a little bit. from currency trading for a few to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> we have competing plans from democrats and republicans to avoi
somebody in new york city called us and said, hey, i want to go down to florida and in 45 minutes they were on a plane. >> none of the -- >> none of the really small aircraft. >> i don't know what you do if you are on a three-hour flight if you are over 50. >> a small plane? >> no, there's no bathroom. >> our thanks to dean, good luck. >> for more of our disrupters coverage turn to thedisrupters@cnbc.com. >>> as we head to break, a look at the...
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Dec 2, 2012
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. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. these are the traders here and in beautiful los angeles. stocks eeking out gains as traders wait on washington. while everybody is watching boehner and obama duke it out, a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. let's get in the monday and find out. dan, this is much more than a single stock story because yum is looked at as a barometer for china growth. >> that's a great point. >> this year as mcdonald's was signaling that china was weakening, chipotle. this year domestically, we're starting to see sales trends weaken. yum was doing fantastically in both regions. yum gets it disproportionate from the sales. relative to the competitors in china. about 45%. and a lot of investors were wondering how these guys were bucking the trend for so long. to me this is a little curious. they just gave guidance on china sales on october 10th. to me they may hav
. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. these are the traders here and in beautiful los angeles. stocks eeking out gains as traders wait on washington. while everybody is watching boehner and obama duke it out, a flashing red warning sign emerging for the consumer. shares of yum brands taking a hit on the warning on the outlook for china. what does this mean for the other multinationals. let's get in the monday and find out. dan, this is...
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Dec 7, 2012
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what has the city of chicago be doing? >> rahm emanuel took on the teacher's union. >> he got rolled. and they've been selling assets. it's been asset sales, parking contract, not dealing with the underlying spending problems. so house republicans are determined to deal with this debt question. so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any more anxious to deal with the cuts and pass the cuts than anybody else is but we demonstrated through the ryan budget, we did it once, we did it twice -- >> i'll give you that point. i wish everybody would stop talking about this in public and get behind closed doors
what has the city of chicago be doing? >> rahm emanuel took on the teacher's union. >> he got rolled. and they've been selling assets. it's been asset sales, parking contract, not dealing with the underlying spending problems. so house republicans are determined to deal with this debt question. so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the...
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. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. first china conundrum. is the chinese recovery in recovery mode? a top strategist is digging through the data. hedgefund head winds are supposed to be some of the smartest on the street but 2012 has not been kind. find out if december will bring rebound or redempson. commodities collapse. breaking down the slide in gold today. first we have to get straight to our top story and that is apple down by 1.75%. could apple's problem be that its growth has, in fact, peaked. well respected strategist out with a note highlighting the multiple which has been in steady decline since 2009. the peak marked by the release of the iphone 3 gs and earnings growth is what the stock needs to go higher. so do you buy that perhaps margins have, in fact, peaked here and that the best is over for apple? >> i have a mic problemb now. if you look at wear google and microsoft have been on the margins this has been a place for the stocks. >> that is a great point. >> magic of live television. >> he strolled in.
. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. first china conundrum. is the chinese recovery in recovery mode? a top strategist is digging through the data. hedgefund head winds are supposed to be some of the smartest on the street but 2012 has not been kind. find out if december will bring rebound or redempson. commodities collapse. breaking down the slide in gold today. first we have to get straight to our top story and that is apple down by...
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Dec 5, 2012
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! [ticking] >> when steve jobs returned to apple in 1997, the company had just 5% of the computer market and was almost broke. when jobs died of cancer 14 years later, apple was the second most valuable corporation in the world. in his best-selling biography of jobs, walter isaacson writes that he revolutionized or reimagined seven industries. he did it, isaacson says, by standing at the crossroads of science and the humanities, connecting creativity with technology, and combining leaps of imagination with fea
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ]...
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Dec 3, 2012
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back in a moment. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ all of a sudden, when you have been making them with somebody else for 35 years. i guess there is something in me that has always been strong. i've always gotten through some pretty rough stuff without falling to pieces. ♪ ♪ bp has paid over twenty-threebp billion dollarsnt to the gulf. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> welcome ba
back in a moment. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ all of a sudden, when you have been making them with somebody else for 35 years. i guess there is...
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Dec 7, 2012
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you talked about citi earlier for a lot of different reasons. i have a feeling -- >> give me a look at bank of america right now. it's above ten bucks. that was a line in the sand for a lot of people. >> right. they were buying it. they had 250,000 open on that ten strike. that's now past it. then they for the 10.5 strike today that expire in about two and a half hours. >> and i like it, i own it, i'll buy more. that's been the stock. meantime the stock has had a great move and analysts are still afraid to come out and say, you know what? i love it. >> you're not afraid, but why do you need it to pull back? >> you don't. >> add to it. you're waiting for it to pull back. >> i've got a decent sized position in it right now, so if i can get it at a cheaper price given where my cost is, which is in the 8s, i'll do it. but not up here. >> i got you. what a stronger than expected jobs reports means for the greenback. we'll get some numbers for you. breaking up is hard to do, especially when it's waning stock. we zero in on two stocks having great runs
you talked about citi earlier for a lot of different reasons. i have a feeling -- >> give me a look at bank of america right now. it's above ten bucks. that was a line in the sand for a lot of people. >> right. they were buying it. they had 250,000 open on that ten strike. that's now past it. then they for the 10.5 strike today that expire in about two and a half hours. >> and i like it, i own it, i'll buy more. that's been the stock. meantime the stock has had a great move...
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Nov 29, 2012
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plus the foot city 100 up 0.8% this morning. so pretty much a strong session across the board. again, following what we saw in the u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is any
plus the foot city 100 up 0.8% this morning. so pretty much a strong session across the board. again, following what we saw in the u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker....
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mcdonald has some success and, you know, we're not even allowed to drink like 16.1 ounces in new york city. things are going in a very strange direction. does that factor into your thinking? pizza is not thought of as health food. >> you put a bunch of vegetables on it and it can be healthy. there are some menu labelling issues. >> when are you guys going to follow him right in there? if you look at the ties over here, they're disappearing quickly. >> cold pizza has been a staple for a long time. i think that's going to remain our core entrance into the breakfast market. >> yeah. you don't need eggs, either. it's basically bread, chicken and cheese. that doesn't seem like a -- usually i don't eat anything until like 10:30 or something. and one egg. you really shouldn't do that if you're up at 3:30, right? >> if you're up at 3:30, i think you need a meal. highly recommend pizza. >> how come the holiday sess a bigger time for you, patrick? >> you know, as families start to get together, as the weather gets colder, people tend to stay in. they're out shopping or they're just very busy. and th
mcdonald has some success and, you know, we're not even allowed to drink like 16.1 ounces in new york city. things are going in a very strange direction. does that factor into your thinking? pizza is not thought of as health food. >> you put a bunch of vegetables on it and it can be healthy. there are some menu labelling issues. >> when are you guys going to follow him right in there? if you look at the ties over here, they're disappearing quickly. >> cold pizza has been a...
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Dec 5, 2012
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citi is one of the names we're overweight. it's a shame for the folks who have lost their job, but it's a nice move today. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers were asked that question. we have their answers. we have names coming up. stay with us. >> get pencil to paper. >>> also ahead, the art of negotiation. we're going to hear from somebody who says a deal on the fiscal cliff could have already been reached if only lawmakers took a page out of wall street's deal making strategy of keeping things behind closed doors. where have we heard that before? >>> plus, secretary tim geithner with us exclusively. will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy i
citi is one of the names we're overweight. it's a shame for the folks who have lost their job, but it's a nice move today. >> 7.5%. bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers...
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Nov 30, 2012
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it's right here in new york city. we'll take you behind the doors a little bit later on in the show. as we head to break, a look at the top five most expensive manhattan apartment listings. number one, the penthouse at 150 west 56th street. that's $100 million. the 18th floor of 781 fifth avenue is $95 million. 15th floor of central park west, $95 million. and lastly, apartment six at 240 riverside boulevard for a mere $75 million. more "squawk on the street" straight ahead. >>> president obama's fiscal cliff puts the focus on another company. we want to listen into what the ceo had to say about the cliff. >> i think we have to rise above all of the partisan rhetoric that we've been talking about. what we're talking about here is a fiscal cliff as a math problem. we have solved bigger problems as a nation in the past. i'm 100% confident we'll have a deal by the end of the year and gdp growth will be above 4% next year. >> congressman jim gerlach represents the district next door to where the president will be today. y
it's right here in new york city. we'll take you behind the doors a little bit later on in the show. as we head to break, a look at the top five most expensive manhattan apartment listings. number one, the penthouse at 150 west 56th street. that's $100 million. the 18th floor of 781 fifth avenue is $95 million. 15th floor of central park west, $95 million. and lastly, apartment six at 240 riverside boulevard for a mere $75 million. more "squawk on the street" straight ahead....
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citi price rewind. start saving at citi.com/pricerewind. citi price rewind. tired of fees piling up introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. >>> welcome back to "power lunch." financials strong today. in fact the banking index today at the highs of the session and they are led by stocks like bank of america. today it hits a new 52-week high. the best performer in the dow jones industrial average all year. >>> time for the power rundown. i'm joined by bob pisani and american bankers neal weinberg. apple getting hit very hard, down more than 5%. session lows this afternoon. worst day of the year. basically there is a have right of things that are floating around out there about why the stock is down. what's your take? >> my take is that this had to happen some day. whether this is the big hit or not, i don't know. as i've said for many years and heard other people say, trees don't grow to the sky. investo
citi price rewind. start saving at citi.com/pricerewind. citi price rewind. tired of fees piling up introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. >>> welcome back to "power lunch." financials strong today. in fact the banking index today at the highs of the session and they are led by stocks like bank of america. today it...
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some of the south american current cities. that says we'll see international capital flows fall to go other markets. so what i would say to everybody is that whereas we've held down our exposure to international equities, both developed and to emerging, i would start to increase that exposure to international equities both developed and emerging, largely because i think you'll see dollar weakness and currency strength in other parts of the world. >> next year will be steady -- far more steady and far less spectacular, that seems to be what you're suggesting. >> growth next year probably around 2% is the consensus, 2.4% is where i come down. growth in profits maybe 3% to 4% next year. a very flat interest rate environment. you put all that together, you ask yourself what's going to happen to the stock market if that's right. and the answer is you won't get much out of that. >> so how do you invest into sectors? i think we've lost sound. unfortunately. there we go. our apologies. anyway, that was hugh johnson fp our apologies to
some of the south american current cities. that says we'll see international capital flows fall to go other markets. so what i would say to everybody is that whereas we've held down our exposure to international equities, both developed and to emerging, i would start to increase that exposure to international equities both developed and emerging, largely because i think you'll see dollar weakness and currency strength in other parts of the world. >> next year will be steady -- far more...
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>> i have citi national. this is a boutique bank based in california making money for people. i have to find out. they have big business with the ports in california. they also are worried about the fiscal cliff. i have known russell for years. >> we'll see you tonight. >> thank you. >> 6:00 and 11:00 eastern time. the president meeting with governor this is morning about the fiscal cliff. two former governors will offer their perspective. plus, more on what bank of america's brian moynihan told becky this morning. more "squawk on the street" in just a moment. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best v
>> i have citi national. this is a boutique bank based in california making money for people. i have to find out. they have big business with the ports in california. they also are worried about the fiscal cliff. i have known russell for years. >> we'll see you tonight. >> thank you. >> 6:00 and 11:00 eastern time. the president meeting with governor this is morning about the fiscal cliff. two former governors will offer their perspective. plus, more on what bank of...
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Dec 6, 2012
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. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles. the fine print on why the company's two big buys are raising big red flags. >>> and nat gas revolution, the government says exporting nat gas could be a game changer for america's economy, but at what cost? we'll take a deeper dive to find some answers. but first, our top story tonight. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you never short. we're all waiting for some type of closure on the fiscal cliff. so everyone's afraid to take that stab in the dark and say, you know what? things look te
. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles. the fine print on why the company's two big buys are raising big red flags. >>> and nat gas revolution, the government says exporting nat gas could be...
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not because the world we bif is in is for of a tale of two cities and both cities are fed up with paying more for the exact product because it has a well-known label. and ceo, probably the most of the execs knows you capitalize on it or you eventually fade away. stick with cramer. follow @jim cramer. bp has paid over twenty-threebp billion dollarsnt to the gulf. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger.
not because the world we bif is in is for of a tale of two cities and both cities are fed up with paying more for the exact product because it has a well-known label. and ceo, probably the most of the execs knows you capitalize on it or you eventually fade away. stick with cramer. follow @jim cramer. bp has paid over twenty-threebp billion dollarsnt to the gulf. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best...
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citi shares were up on that. so what do you make of ubs getting out of fixed income, citi shedding a huge chuck of jobs. >> i would actually go much further than that. we've had an a revolution. pure to pure growing at 50% per annum. i think it's time to redesign the way they do banking. some of the peer to peer lenders are ten times more efficient than banks. so there is an argument that you can do retail banking with 90% less people. it's quite a radical view, but i think that there is a huge scope for process redesign in terms of retail banking. we shouldn't be pushing bits of paper. whenever i try to make an international payment, i have to talk to-to-someone who manually puts all the numbers in to i don't know where. but it's much too cumbersome relative to what you're seeing in terms of innovation. >> i've hated my bank for sort of 30 years and i'm still there. >> they rely us on. >> accomplicomplacent banks wilt behind. or these peer to peer lenders, the whole payment space is also wide open to internet in
citi shares were up on that. so what do you make of ubs getting out of fixed income, citi shedding a huge chuck of jobs. >> i would actually go much further than that. we've had an a revolution. pure to pure growing at 50% per annum. i think it's time to redesign the way they do banking. some of the peer to peer lenders are ten times more efficient than banks. so there is an argument that you can do retail banking with 90% less people. it's quite a radical view, but i think that there is...
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citi with that announcement they were cutting their costs. today one of the big gainers. that set off a rally in financials. bank of america closing about $10 for the first time in 17 months. >> all right, bertha. thanks so much. hopes running high for pandora media, meanwhile. >> the radio advertising market alone that we're just beginning to scratch the surface of is a $15 billion plus market. we're a leader in mobile, which is set to become another $15 billion plus market. >> we're going to hear more from the radio company ceo. >>> later, our panel of wall street pros will tell you what you need to know about tomorrow morning's market in a full minute and a half. you'll want to know what's going to move money around tomorrow. can't afford to miss it. stick around on "closing bell." or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, smal
citi with that announcement they were cutting their costs. today one of the big gainers. that set off a rally in financials. bank of america closing about $10 for the first time in 17 months. >> all right, bertha. thanks so much. hopes running high for pandora media, meanwhile. >> the radio advertising market alone that we're just beginning to scratch the surface of is a $15 billion plus market. we're a leader in mobile, which is set to become another $15 billion plus market....
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and so the city was in a time warp. and, as has so often been the case, in the valley of the blind, the one-eyed man is king. >> so you had an idea, and you were king. >> yeah, all of a sudden, i looked like i was a rocket scientist. >> not a rocket scientist but a showman. >> captain of the britannia! ready, aim, fire! [explosions booming] >> when he imploded the old dunes hotel in 1993, the event became a steve wynn extravaganza live on television. [cheers and applause] out of the ashes, he built the bellagio--at the time, the most expensive hotel in the world. he sold the bellagio and mirage resorts in 2000 and pocketed more than $600 million. by then, las vegas was calling itself the entertainment capital of the world. steve wynn is known for his charm, but he's also known for his explosive temper. >> i wish that i was a more considerate person, and to the extent that i demonstrate consideration for other people, at my age, i wish that i had gotten to that point earlier. >> he got to this state of self-awareness wit
and so the city was in a time warp. and, as has so often been the case, in the valley of the blind, the one-eyed man is king. >> so you had an idea, and you were king. >> yeah, all of a sudden, i looked like i was a rocket scientist. >> not a rocket scientist but a showman. >> captain of the britannia! ready, aim, fire! [explosions booming] >> when he imploded the old dunes hotel in 1993, the event became a steve wynn extravaganza live on television. [cheers and...
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. here's the yahoo! finance.com poll. basically hard times for the daily deal websites groupon and living social. are you a fan? that was the question that we asked. 11% of you said yes, i check the offers daily. 19% said i used to be, but the novelty has worn off. 33% said, no, i don't find the deals a good value. 37% said i'm pretty old school. give me a paper coupon. that sound like me. >>> idc just out with is closely watched information technology trends for 2013. it is a world where companies will deploy $2 trillion on i.t. projects. microsoft and oracle and hp will probably fight for their lives and a new crop of vendors like amazon, believe it or not, will come on faster than a lamborghini. first on cnbc, idc chief analyst, frank jens. nice to
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. here's the yahoo! finance.com poll. basically hard times for the daily deal websites groupon and living social. are you a fan? that was the question that we asked. 11% of you said yes, i...
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Nov 29, 2012
11/12
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sometimes new york city can be a wild place. staten island residents were shocked to see a full-grown zebra chasing a pony down a busy street. the elusive e kwiens escaped from their enclosure and decided to take a lap down, appropriately named, victory boulevard. after earning their stripes, the zebra and pony were returned unharmed. >> is that a male zebra chasing -- >> are they different -- i mean -- >> zebras don't know. i'm just saying. >> i've seen that strange couples thing. just saying. >>> coming up next, guy and his suspenders will take a victory lap. he also has some explaining to do. find out as we hit the good, the bad, and the ugly. stay tuned. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> let's get a market flash.
sometimes new york city can be a wild place. staten island residents were shocked to see a full-grown zebra chasing a pony down a busy street. the elusive e kwiens escaped from their enclosure and decided to take a lap down, appropriately named, victory boulevard. after earning their stripes, the zebra and pony were returned unharmed. >> is that a male zebra chasing -- >> are they different -- i mean -- >> zebras don't know. i'm just saying. >> i've seen that strange...
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Dec 4, 2012
12/12
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when you have a conservative capital structure and you're buying iconic assets in great cities, i think you'll do very well over time. traditionally, that's been proven in real estate. >> we all know it was a very hotly contested presidential election, and of course your dad, donald, has been on our program a lot. he was a big supporter of romney. there were stories going around that you said, dad, pull it back a bit. you don't have to be so negative on the president. is that what happened? >> it was fascinating because this was a widely circulated report that was without fact at all, and not one reporter actually called and asked the question you just did, which is, is that true? no, it wasn't. my father has been a very important part of the dialogue. he's been saying a lot of things that other people, you know, not wanting to be in a space where they're talking about politics, they don't see it as advantageous. they're not really speaking their minds. it would not be my place to tell him to tone anything down. >> are you worried about the fiscal cliff? how is business going? you're an
when you have a conservative capital structure and you're buying iconic assets in great cities, i think you'll do very well over time. traditionally, that's been proven in real estate. >> we all know it was a very hotly contested presidential election, and of course your dad, donald, has been on our program a lot. he was a big supporter of romney. there were stories going around that you said, dad, pull it back a bit. you don't have to be so negative on the president. is that what...
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Dec 7, 2012
12/12
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companies are being able to shift jobs from higher cost cities to lower cost centers in the united states where there is a lot of talent. so more and more jobs are being created here. we know the example of general motors, among others. and it's going to help the economy. so this is a very favorable outcome. >> thank you very much for joining us today, harley. thanks for bringing these jobs back here. >>> the other big issue in the job market -- the lack of skilled workers. it is actually becoming a big issue for builders. diana olick is on that story. diana, what happened to all the construction workers that were out of work a couple years ago? where did they go? >> reporter: well, about 2 million of them, believe it or not, left the workforce during the housing crash. this is residential and non-residential construction. because this crash has gone on for going on five years now, a lot of those workers were retrained in other careers and are actually not coming back to home building. that's why the builders are saying they need skilled workers. skilled workers like these students here a
companies are being able to shift jobs from higher cost cities to lower cost centers in the united states where there is a lot of talent. so more and more jobs are being created here. we know the example of general motors, among others. and it's going to help the economy. so this is a very favorable outcome. >> thank you very much for joining us today, harley. thanks for bringing these jobs back here. >>> the other big issue in the job market -- the lack of skilled workers. it is...
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Dec 6, 2012
12/12
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certain city tty is the greates we're looking for. getting to a solution almost seems to be as important or more important than the solution itself. you need to know what the plan is. >> what are they saying in terms of 2013? what's the outlook? >> the outlook is as reported. if we go over the cliff, the outlook is less optimistic, obviously. will it be like it was back in 2007? i don't think that's the case. it won't be positive. growth will stymy. it becomes a problem. >> of course, we know businesses today have got, what, $3.6 trillion in cash on balance sheets. are you expecting that cash to go to work in 2013? how will folks allocate that money? >> one of the things that has to happen, based on what we see from want cliethe clients we se there was tax reform, that would accelerate moving that cash. certainty first, tax reform second. >> i guess that's what i'm trying to get at. what are you hearing in terms of executives in terms of what they're going to do now. i understand they want certainty. of course. but what are you hearin
certain city tty is the greates we're looking for. getting to a solution almost seems to be as important or more important than the solution itself. you need to know what the plan is. >> what are they saying in terms of 2013? what's the outlook? >> the outlook is as reported. if we go over the cliff, the outlook is less optimistic, obviously. will it be like it was back in 2007? i don't think that's the case. it won't be positive. growth will stymy. it becomes a problem. >> of...
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Dec 7, 2012
12/12
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in terms of who did it best this week, citi up 10% on slashing 11,000 jobs. the morality of it, i feel sorry for people losing their jobs, but this is one of those stories where i guess a little bit of austerity was rewarded because at some point, everybody's got to pay the piper. >> you would think so. ralph, quantify your bullishness for us, if you can. a lot of houses on the street putting out their forecast for 2013 have been pretty bullish. they see this market as undervalued. they feel once we get the fiscal cliff out of the way that the market will be able to, you know, some of the cash comes back. what does that mean to you if you're bullish as well or ecstatic, as you said. >> in terms of the dow, i'm looking out about six months or so, into the first half of the year. i think that will be the bulk of the move. i think the dow could easily get to 15,000. >> in six months? >> yeah. >> okay. s&p? >> s&p is around, what, 1500. >> it's at 1416 today. >> yeah. >> 1418. >> a little over 1600. >> and is this the beginning of a new secular trend in the marke
in terms of who did it best this week, citi up 10% on slashing 11,000 jobs. the morality of it, i feel sorry for people losing their jobs, but this is one of those stories where i guess a little bit of austerity was rewarded because at some point, everybody's got to pay the piper. >> you would think so. ralph, quantify your bullishness for us, if you can. a lot of houses on the street putting out their forecast for 2013 have been pretty bullish. they see this market as undervalued. they...
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Dec 3, 2012
12/12
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. >> we really want to get into the cuts coming to state, city, the local governments. that's going to take money out of education, all the things we care about. so, the fact these lawmakers are sitting down and, like, sort of keeping with these opening salvos, it's frustrating. the time is over, bill. you had 13 months. we have 28 days left. >> moving on. we'll do the same, as a matter of fact. we're coming back for the closing countdown. >>> after the bell, spending is not the only thing that will be significantly cut if we go off that cliff. robert frank is describing why the number of millionaires is also facing a cut. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice!
. >> we really want to get into the cuts coming to state, city, the local governments. that's going to take money out of education, all the things we care about. so, the fact these lawmakers are sitting down and, like, sort of keeping with these opening salvos, it's frustrating. the time is over, bill. you had 13 months. we have 28 days left. >> moving on. we'll do the same, as a matter of fact. we're coming back for the closing countdown. >>> after the bell, spending is...
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Dec 7, 2012
12/12
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a sexy boo-yah to you from new york city. i love you and everything that you do on your show, and i subscribe to everything you have. >> yes! thank you! >> caller: you're welcome. a few months ago you mentioned merrimack pharmaceutical, mrck, as a good biotech stock. i'm in at age 50. what is your opinion -- >> i think you have to buy more. i feel very good about that. remember, these specs don't necessarily pan out, but i do believe in merrimack, and i would urge you to stick with it. i'm going to rick in kentucky. rick. >> caller: rick in louisville, kentucky, home of the kentucky derby. race horse boo-yah. >> sweet. >> caller: my question is a retail company opened up location close to me. i think it's the best location in the city called cabela's. and to me that store is like a disneyland for grown-ups. >> i totally agree with you. unfortunately, they've had a spate of warm weather weather. it's a cold weather stock. as they told you in the conference call. but i do think cabela's is terrific. it may not explode yet but i
a sexy boo-yah to you from new york city. i love you and everything that you do on your show, and i subscribe to everything you have. >> yes! thank you! >> caller: you're welcome. a few months ago you mentioned merrimack pharmaceutical, mrck, as a good biotech stock. i'm in at age 50. what is your opinion -- >> i think you have to buy more. i feel very good about that. remember, these specs don't necessarily pan out, but i do believe in merrimack, and i would urge you to stick...